Intellectual Laziness & Cowardice

Paul Krugman’s Structural Reform is the Last Refuge of Scoundrels from 2014 FEB 21:

OK, let’s be clear: I’m in favor of structural reform (as long as it’s the right kind of reform). I’m also in favor of peace, kindness, and good coffee for everyone.

But when I see influential people calling for structural reform as the universal answer to all economic problems, I get angry.


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largely thanks to the tight fiscal and inadequate monetary policies the OECD cheered on — the OECD warns that things don’t look good. And the answer is … structural reform!

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